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2010/08/30

Business News for Monday August 30, 2010

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Price for used cars jumped in July

4:02 PM, August 30

In July, the average price of a 2007 model car rose to $19,248, up 10.3 percent compared to the average price of a 3-year-old car in July 2009.

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Genzyme rejects Sanofi again

3:02 PM, August 30

In a letter to Sanofi, Henri Termeer, Genzyme's chairman and chief executive officer, said the latest offer is identical to last month's … and therefore fails to establish a basis for engagement by the Genzyme board.

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Frank Lloyd Wright homes remain unsold

3:02 PM, August 30

La Miniatura, one of four textile-block homes designed by Wright, has been on the market for more than two years and reduced in price by more than $2 million, but no one in the United States has offered to purchase it, the Los Angeles Times said Monday.

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Kentucky pension fund in wobbly shape

3:02 PM, August 30

The Kentucky Employees Retirement System has about 40 percent of the assets required to cover its current obligations, a figure expected to drop to 16 percent by 2017, The (Louisville, Ky.) Courier-Journal reported Monday.

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More Headlines

Airline fees likely here to stay
Stress hits bottom in worker poll
Markets head lower despite spending rise
Japan, China sign seven trade pacts
Spending and incomes rose in July
 
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